NEW YORK - The Treasury Department said it will auction $36 billion two-year notes on Monday, September 27, $35 billion five-year notes on Tuesday, September 28 and $29 billion seven-year notes on Wednesday, September 29.
The seven-years are due September 30, 2017. The five-years are due September 30, 2015. The two-years are due September 30, 2012. The notes are dated September 30.
The muni market continued to shrug off volatility in Treasuries, but NewSquare Capital's Kim Olsan said a reaction is building up.
The Supreme Court decision that changes the provisions in the Voting Rights Act adds legal risk for state and local governments.
The local government is seeking to replace LUMA Energy as the island's transmission and distribution company.
"I don't mind owning a railroad for $2.4 billion," said Assured CEO Dominic Frederico.
Northwest Nazarene University, an Idaho private Christian college, had its ratings outlook revised to positive.
Munis should do "relatively well" this month, as investors will "focus on heavy summer redemptions; tax-exempt supply should remain healthy but is unlikely to overwhelm," said Barclays strategists.
